GlobeSt.com, Aug. 31, 2023–Erik Sherman (subscription)Many in CRE have either wondered when the distressed fire sales would come up for grabs or thought that distress won’t appear in a big …
Category: Top National News
Mortgage Application Activity Up For First Time In Five Weeks
Weekly Real Estate News, Aug. 30, 2023–Phil HallMortgage applications for purchase loans and refinances increased for the first time in five weeks, according to the Mortgage Bankers Association.https://wrenews.com/mortgage-application-activity-up-for-first-time-in-five-weeks/?
How to Play the Property Meltdown in Five Charts
The Wall Street Journal, Aug. 30, 2023-Carol Ryan (subscription)Is the pain over yet for U.S. commercial real estate? The answer might be yes for stocks but no for the assets …
Mortgage Demand Finally Ticks Up
HousingWire, Aug. 30, 2023-Sarah Marx (subscription)Mortgage applications for home purchases and refinances increased for the first time in five weeks but remain at low levels. For the week that ended …
Inventory Shrinks in Select Office Markets as Conversions Take Hold
Philadelphia Business Journal, Aug. 30, 2023-Ashley Fahey (subscription)Weaker demand for office space and a push to convert vacant towers into new uses is combining to trim office space from certain …
Jumbo Production Rises, JPM the Market Leader
Inside Mortgage Finance, August 30, 2023–James Dohnert (subscription)The top jumbo producers for the first half of the year include JPMorgan, Wells Fargo and BofA.https://www.insidemortgagefinance.com/articles/228765-jumbo-production-rises-jpm-the-market-leader?
Developers Pull Back Sharply on Multifamily Construction as Financing Costs Skyrocket
Commercial Real Estate Direct, August 29, 2023–Carly PendergastThe number of apartment units for which construction is in the starting phase declined in June to a 477,000-unit annual run rate, according …
Non-QM Loans In High Demand, Experts Say
National Mortgage Professional, Aug. 29, 2023–Erica Drzewiecki (subscription)The non-QM arena is more desirable than ever and opportunistic loan officers should get in front of it, industry experts agree. An update …
Home Prices Continue to Remain Elevated
Weekly Real Estate News, Aug. 29, 2023–Phil HallTwo data reports issued today reaffirmed that housing prices are showing no signs of weakening.https://wrenews.com/home-prices-continue-to-remain-elevated/?
Housing Crunch: Bank Cops Under Fire for Moving to Tighten Mortgage Rules
Politico, Aug. 29, 2023–Katy O’Donnell, Victoria Guida (subscription)Civil rights and housing groups are forming an unlikely alliance with banks because they say a Federal Reserve proposal would upend the mortgage …